RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Crescat 157 Alcamino. IMO, QH is 50% geologist and 50% stock promoter re. the companies he holds in his funds as he hopes for more investment dollars in his funds and/or others to bid up the share prices of the companies his funds hold, so any bullish narrative he pitches would at most be a starting point for doing further research before making any investment decision. For example, QH was right on Fosterville re. Kirkland Lake Gold, he pumped NFG only to sell most of his shares a short while later, NVO is an ongoing trainwreck. etc.
I suspect SGD will be taken out by BTO as BTO is a mining company (not a mutual / hedge fund), the two companies have a formal relationship agreement whereby BTO is entitled to maintain approximately 10% ownership in SGD, and BTO seems keen on Canada / the Territories having taken out Sabina (Nunavut) not long ago. Further, SGD CEO Scott Berdhal seems to like the way BTO builds and oparates mines (i.e., in a responsible manner) as he himself is from the Yukon and appears to care about how any future mine is developed (which is a good thing IMO).
Thus, I think either a joint enture between SGD and BTO to develop Valley, or a takeout of SGD by BTO in an all-share deal are the most likely outcomes. At what share price equivalent premium to whatever SGD's share price is at the time of the takeout (if that is in fact what happens) is anyone's guess, but I wouldn't expect anything to happen for at least another couple of years. The outstanding assay results at Valley to date will most likely also be weighed against the amount of initial capex that will need to be spent to get a mine at Valley to first pour as the land is located in a remote area in the Eastern Yukon (far away from Coffee which is close to the Alaska border in Western Yukon) when negotiating a takeout price.